Bank of America has revised its price target for Cheesecake Factory (CAKE, Financial), lowering it from $59 to $52. This adjustment comes as part of a broader evaluation by the firm, which involves revisiting estimates and projections for more than 20 companies within its restaurant sector coverage.
The decision to adjust the price target reflects changes in estimates and market multiples, aligning with the company's preparations for its first quarter forecast. Despite the change in the price target, the bank maintains a Neutral rating on Cheesecake Factory's shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Cheesecake Factory Inc (CAKE, Financial) is $55.18 with a high estimate of $65.00 and a low estimate of $39.00. The average target implies an upside of 15.26% from the current price of $47.87. More detailed estimate data can be found on the Cheesecake Factory Inc (CAKE) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Cheesecake Factory Inc's (CAKE, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cheesecake Factory Inc (CAKE, Financial) in one year is $40.81, suggesting a downside of 14.75% from the current price of $47.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cheesecake Factory Inc (CAKE) Summary page.
